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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT

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To: Ed Pakstas who wrote (145)	1/21/1998 10:21:00 AM
From: VAUGHN	Read Replies (1) of 930

Hello Ed News Release from yesterday that may be of interest to this thread. GMD RESOURCES CORP. ANNOUNCES ROYCE GROUP CLAIM SAMPLING ANALYSIS SHOWS DIAMOND INDICATOR MINERALS OF SUPERB QUALITY VANCOUVER, Jan. 20 /CNW/ - GMD Resource Corp. VSE Symbol: GMD Detailed evaluation of the sampling to date on the Royce Group Claims has shown that the quality of many of the indicator minerals analyzed suggests sources are multiple, diamondiferous and, in the case of the coarse indicator population, are proximal. Additionally, it was noted that olivine was not specified as an indicator mineral in previous sampling and as a result was not selected from the heavy mineral concentrates. This has been revised and the re-selecting of grains from previously completed samples has shown olivine to be present. Olivine is a common accessory mineral in kimberlites and it significantly contributes as an indicator in till sample interpretation and is now used as another important exploration tool in the GMD program. On the basis of the till anomalies defined and known ice-transport directions, a new airborne magnetics-EM (electromagnetic) survey has been designed to discover non-magnetic kimberlite sources. Approximately 14,000 line kilometers are presently being contracted to begin in February. This survey compliments the 1995 magnetic survey of the entire claim block and targets areas projected as the derivation of the indicator minerals in glacial tills on the property. Previous exploration has clearly proven that economic diamond pipes in the NWT have discernible coincident electromagnetic anomalies. GMD continues with its plan to begin ground work on the Royce claims in March. Drilling of high priority anomalies developed from the previous work and the new airborne survey will begin this Spring after ground surveying and prioritization. These activities will be followed by a summer exploration program and drilling and a final round of drilling for 1998 this Fall. GMD RESOURCE CORP. Michael J. Senn Project Manager, Royce Group -30- For further information: Michael J. Senn (604) 662-3350 or fax (604) 685-9141 or Toll Free 1-800-808-3350 or Web Site www.gmd-res.com GMD RESOURCE CORP. has 37 releases in this database. Regards

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